Funding you earn now, next payment 02:00 UTC+0.0775%/8h= +84.9% APRnext payment +$0.97 per $10,000 · paid last 24h +0.126%
Price spread now: Coinbase International against Kraken Futures+0.627%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$670.673% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 4 days (all we have)−0.551%−$55 · spread now +0.627%, 7d avg +0.132%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Coinbase International is 0.495% dearer against Kraken Futures than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of +0.132%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.332% in total (about 17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TAOUSD | 315.58 | 0.0249 | pay 0.0031% / 1h | 12m 45s | $5.6M | $20.8M | 50x |
| Short | Coinbase International TAO-PERP-INTX | 317.56 | 0.1024 | get 0.0128% / 1h | 12m 45s | $1.5M | $6.8M | 50x |
Kraken Futures PF_TAOUSD
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $162.83
- Price spread: +0.627% → +0.132%
- $49.48
- Slippage, 4 orders
- −$47.27
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $145.04
- Costs to cover
- 0.673%
- Break-even
- 0.8 days
Slippage from Kraken Futures: live order book, 1 min ago; Coinbase International: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 1 min ago | 6.62 bp | 12.3 bp −$12 | 29.8 bp −$298 | 107.3 bp −$10.7K | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 13.36 bp | 18.7 bp −$19 | 22.8 bp −$228 | doesn't fit | doesn't fit |
TAO on 43 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1916% | 1h | 325.17 | +3.038% | $172K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.15 | +0.180% | $126K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 315.91 | +0.105% | $20K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0086% | 1h | 315.79 | +0.067% | $16K | $1.6M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.09 | +0.478% | $40K | $683K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.29 | +0.225% | $92.0M | $489.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.10 | +0.164% | $26.0M | $119.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.10 | +0.164% | $13.0M | $50.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.57 | +0.313% | $101.4M | $143.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.30 | +0.228% | $17.6M | $31.6M | 75x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 316.22 | +0.202% | $35.3M | $55.6M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 323.66 | +2.560% | $36K | $303K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 316.71 | +0.358% | $87K | $794K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.42 | −0.051% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.44 | −0.045% | $128K | $482K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.83 | +0.078% | $173K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 316.04 | +0.145% | $672 | $776K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0125% | 4h | 315.70 | +0.038% | $57K | $282K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0157% / S +0.0112% | 1h | 315.95 | +0.116% | $430K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0210% | 1h | 316.19 | +0.192% | $12K | $18K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0224% | 4h | 321.44 | +1.856% | $533K | $965K | 10x | as long as short |
| Phemex TAOUSDT | +0.0233% | 4h | 315.50 | −0.026% | $3.4M | $7.9M | 50x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0249% | 1h | 315.58 | long leg | $5.6M | $20.8M | 50x | |
| Paradex TAO-USD-PERP | +0.0260% | 8h | 316.36 | +0.248% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0290% | 4h | 315.42 | −0.052% | $1.2M | $10.0M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.00 | +0.133% | $3.8M | $11.3M | 100x | as long as short |
| Bybit TAOUSDT | +0.0442% | 4h | 316.41 | +0.263% | $69.4M | $146.0M | 50x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 316.36 | +0.247% | $374K | $405K | 10x | as long as short |
| BingX TAO-USDT | +0.0455% | 4h | 316.43 | +0.269% | — | $30.4M | — | as long as short |
| Phoenix TAO | +0.0504% | 1h | 324.80 | +2.921% | $340K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 316.72 | +0.361% | $100K | $488K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0524% | 1h | 324.14 | +2.712% | $48K | $253K | 50x | as long as short |
| Nado TAO-PERP | +0.0625% | 1h | 316.36 | +0.248% | $789K | $2.2M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.02 | +0.140% | $363 | — | 20x | as long as short |
| Extended TAO-USD | +0.0720% | 1h | 316.46 | +0.279% | $928K | $2.4M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0728% | 1h | 317.15 | +0.497% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0760% | 1h | 316.80 | +0.385% | $1.6M | $6.4M | 5x | as long as short |
| Variational Omni TAO | +0.0831% | 4h | 317.31 | +0.549% | $5.9M | $9.8M | — | as long as short |
| Backpack TAO_USDC_PERP | +0.0928% | 1h | 315.29 | −0.092% | $314K | $923K | 10x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.1024% | 1h | 317.56 | +0.627% | $1.5M | $6.8M | 50x | |
| Hyperliquid TAO | +0.1084% | 1h | 316.39 | +0.258% | $96.0M | $104.5M | 5x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 316.36 | +0.245% | $444K | $657K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 321.62 | +1.914% | $23K | $2K | 12x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
GRVT TAO_USDT_Perp
Phemex TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
BloFin TAO-USDT
Bybit TAOUSDT
Pacifica TAO
BingX TAO-USDT
Phoenix TAO
Arcus TAO-USD
ApeX Omni TAOUSDT
Nado TAO-PERP
Reya TAORUSDPERP
Extended TAO-USD
01 Exchange TAOUSD
Lighter TAO
Variational Omni TAO
Backpack TAO_USDC_PERP
Hyperliquid TAO
RISEx TAO/USDC
Injective TAO/USDC PERP